Wednesday, February 12, 2020

MFIs reporting loan data daily to prevent default

Microfinance is a business that deals with bottom of the pyramid customers who typically react to local issues like natural calamities and activism. Although awareness about the importance of good credit reports for future borrowing has been rising, but instances of motivated non-repayment are galore and this is being felt badly in Assam as well as parts of Karnataka.

from Banking/Finance-Industry-Economic Times https://ift.tt/2tR11U1

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